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Hewlett Packard donates its mobile system software, WebOS, to the open source community and says it will continue to invest in the project. The tech company acquired the software when it bought the smartphone maker Palm for $1.2bn (£767m) last year. HP used the code to power its short-lived range Touchpad tablet computers before it abandoned the product line.

Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.

Hewlett-Packard showed the fruits of its acquisition of Palm on Wednesday. The technology giant demonstrated a new tablet device and two new smartphones, as well as disclosing plans to bring its webOS software to computers and printers.

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.

Palm's taken big strides, but it still isn't enough to upset the ''Apple'' cart in the handset market.

Palm on Thursday announced upgraded versions of its Pre and Pixi smartphones that add video recording and the capability to create 3G mobile hotspots for laptops and other mobile devices.

Palm Pre users rejoice: a new version of webOS, 1.2.0, is now available. It’s about 79 megabytes heavy, and it brings several new important features, one of them being support for paid app purchases from the App Catalog.

Advertising Age has taken a deep dive into Palm's latest string of unsettling, polarizing ads -- you know, the ones with the girl -- in an attempt to explain the company's intention with the creepy spots.

Prepare yourself for the onslaught of tip calculators and flashlights, friends, because the Mojo SDK for Pre's WebOS is out and ready to rock. You can download it right here and start coding immediately, if not sooner.

Our major beef thus far has been the Pre's fairly sparse app store and this promises to open things up considerably.

Sprint and Palm enjoyed long weekend lines for the Pre smart phone. Analysts estimated 50,000 to 100,000 units sold.